The Parthasarathi Shome-led Tax Administration Reforms Commission (TARC) has submitted its fourth and final report to Finance Minister Arun Jaitley.

This report suggests many departures from existing methodologies including those on revenue forecasting.

One of the areas highlighted by the commission is the importance of research inputs in tax governance,

“The suggestive list of areas where research can be considered are very thought provoking, such as fairness in tax disputes, use of technology, performance management, trade and customs, etc,” said Krupa Venkatesh, Senior Director, Deloitte in India.